Retaining a Shari’a Stability

Retaining a Shari’a Stability

17th December 2009

Abu Dhabi stepping in to bail out Dubai is news in itself, but if they hadn’t, the repercussions for Shari’a Banking would be equally significant.
Defaulting on the Islamic bonds (Sukuk) could have destabilised the Islamic finance sector at a time when the world isn’t in the best financial health. This damage limitation exercise by Abu Dhabi means Islamic finance is still profitable ‘post Dubai’ (Forbes).

Read more

Top